Crude Oil News

Shell and Chevron have kicked off oil production at the Whale platform in the US Gulf of Mexico, adding a new stream of barrels from...

Middle East shipping risks are likely to surge under a potential second Trump presidency, consultancy Ambrey said in a report...

TotalEnergies is set to drill its first exploration well in Suriname's Block 64, the company's country manager said Wednesday, marking a significant...

Shell will take a $400 million hit on one of its major offshore ventures in Namibia after the project was deemed commercially unviable...

The Americas' crude oil export landscape saw a significant reshuffling in 2024, with Brazil and Guyana compensating for a slowdown from...

Crude oil prices this year could be as much as $10/b lower than in 2024 as Chinese demand is set to peak amid a boom in electric vehicle...

Saudi Aramco has trimmed term allocations to customers in China for February, as the OPEC kingpin looks to keep a lid on output...

Middle East crude prices rowed back Thursday, catching up with the Brent retreat after Asia had closed in the previous session, while...

Texas crude oil production in 2024 averaged 5.7 million bpd, the third consecutive year the US state established a new record-high for output...

Benchmark crude and product futures retraced earlier gains Wednesday on a stronger dollar, while US inventory data painted a decisively...

Crude oil futures Wednesday rowed back from earlier three-month highs as bearish EIA inventory report wiped out earlier gains...

US commercial crude oil inventories registered a second weekly drop of 1 million barrels during the latest reporting cycle...

Shell and ExxonMobil warned investors this week of underwhelming results for the fourth quarter as declining production compound weaker...

President-elect Donald Trump on Tuesday announced plans to revoke President Joe Biden's sweeping offshore drilling ban, describing...

Spain's imports of US crude oil surged to their record levels in November, preliminary trade data showed Wednesday, despite domestic fuel...

Middle East crude prices surged to fresh three-month highs Wednesday on potentially tightening availabilities, while spot gasoil touched...

Oil production from the 12 core OPEC members eased during December as reductions in the UAE and Iran offset increases from Libya and...

US crude oil inventories posted another draw but refined products registered a further round of steep gains...

Valero Energy's McKee Refinery in Texas was hit by a power outage on Tuesday, shutting down multiple units and triggering emissions...

Inventories of jet fuel in Japan fell to a four-month low last week as local refiners prioritised heating oil feedstock output amid falling...